For coin collectors, the hunt for rare finds isn’t just about monetary value it’s about uncovering pieces of history, appreciating remarkable craftsmanship, and the thrill of the chase. Among the standout coins in the numismatic world are two highly sought-after treasures: the 1937 Buffalo Nickel, especially the rare “Three-Legged” variety, and the 1968 No-S Roosevelt Dime. These coins are not only valuable due to their scarcity but also tell compelling stories from two very different eras in American history.
In this post, we’ll dive into what makes these coins so special, why they’re must-haves for serious collectors, and what to consider when adding them to your collection.
The 1937 Buffalo Nickel – A Piece of American Heritage
Background and Design
First introduced in 1913, the Buffalo Nickel (also known as the Indian Head Nickel) remained in circulation until 1938. Designed by sculptor James Earle Fraser, the coin showcases a striking combination of American culture and wildlife: a Native American profile on the obverse and a buffalo (or bison) on the reverse. Fraser is said to have combined features of multiple Native American leaders for the profile, while the buffalo is believed to be modeled after “Black Diamond,” a bison at the Central Park Zoo in New York.
This design broke away from the more traditional motifs used in earlier U.S. coins and became an enduring favorite among collectors.
The Rare “Three-Legged” Buffalo: A Minting Error Turned Treasure
While most 1937 Buffalo Nickels are relatively common, the 1937-D “Three-Legged” variety, struck at the Denver Mint, is a prized rarity. This fascinating error was the result of overzealous die polishing, which removed the buffalo’s front right leg leaving it with just three visible legs.
What was once a mistake has become a celebrated anomaly in the numismatic world.
Value and Collector Appeal
The value of a 1937-D Three-Legged Buffalo Nickel can vary greatly based on condition, with high-grade specimens fetching upwards of $5,000 to $10,000 or more at auction. Even well-circulated examples can command a few hundred dollars. Its rarity, combined with a compelling backstory, makes this coin a standout in any collection.
The 1968 No-S Roosevelt Dime – A Modern-Day Rarity
Origin and Background
Introduced in 1946, the Roosevelt Dime was created to honor President Franklin D. Roosevelt, shortly after his death. It replaced the Mercury Dime and has remained in use ever since.
Most coins minted in 1968 bear a mintmark indicating their origin “D” for Denver, “P” for Philadelphia (which was often omitted on dimes during this era), and “S” for San Francisco. The San Francisco Mint primarily produced proof coins specially made, high-quality strikes intended for collectors.
The No-S Error: A Rare Mistake in the Modern Era
In a rare slip-up, a small number of proof Roosevelt Dimes from 1968 were minted without the “S” mintmark, despite being struck in San Francisco. This error wasn’t caught during production, and a few coins were released to collectors as part of proof sets.
This minting oversight has turned the 1968 No-S Proof Dime into one of the most coveted modern rarities in American coinage.
Why It’s So Valuable
Since proof coins are produced in limited quantities and typically with great precision, errors are extremely rare making them all the more valuable when they do occur. A genuine 1968 No-S Roosevelt Dime in pristine proof condition can sell for tens of thousands of dollars, depending on its grade and clarity. In fact, high-end examples have surpassed $30,000 at major auctions.
Why These Coins Stand Out in the Numismatic World
While the 1937-D Three-Legged Buffalo Nickel hails from the early 20th century and the 1968 No-S Roosevelt Dime represents a more recent era, they share key qualities that make them enduring favorites:
- Authenticity of History – Each coin tells a unique story rooted in American history and culture.
- Rarity – These coins are not just old they’re scarce due to specific minting errors that were never meant to occur.
- Demand – Both coins generate strong demand among collectors, driving prices consistently higher over time.
Tips for Collecting Rare Coins Like These
If you’re new to coin collecting or looking to expand your collection with high-value items, here are a few important tips:
1. Authenticate Before You Buy
Rarity brings out counterfeits. Always purchase from reputable dealers or auction houses, and consider coins certified by grading organizations like PCGS or NGC.
2. Understand Coin Grading
The condition of a coin can dramatically affect its value. A coin graded MS-65 (Mint State) or PF-70 (Proof) is worth much more than a lower-grade counterpart. Learn how grading works and seek professionally graded examples.
3. Store Coins Properly
Use protective holders or capsules to avoid damage. Keep them in a cool, dry place, and avoid touching the surface with bare hands, as oils from your skin can degrade the coin over time.
4. Stay Informed
Coin values can fluctuate based on market trends, metal prices, and collector interest. Follow auction results, read collector forums, and subscribe to numismatic publications.
Conclusion: More Than Just Pocket Change
Both the 1937-D Three-Legged Buffalo Nickel and the 1968 No-S Roosevelt Dime are more than just pieces of metal they’re chapters of history, frozen in time, and celebrated by collectors for their beauty, uniqueness, and the stories they carry.
Whether you’re a seasoned numismatist or just beginning your journey, these coins represent the kind of exciting discovery that makes coin collecting such a rewarding hobby. Keep your eyes open you never know when a rare coin might land in your hands.
Your Turn: What’s Your Rarest Find?
Have you come across a unique coin in your collection? Or are you hoping to find one of these gems? Share your thoughts and experiences in the comments below we’d love to hear your numismatic stories.
FAQs
What makes the 1937-D Three-Legged Buffalo Nickel valuable?
Its rare minting error, where one of the buffalo’s legs was removed, makes it highly coveted by collectors.
How much is a 1968 No-S Roosevelt Dime worth?
A 1968 No-S Roosevelt Dime in pristine condition can sell for tens of thousands of dollars, sometimes exceeding $30,000.
Why is the 1937 Buffalo Nickel important?
It represents American culture with its unique design of Native American imagery and the buffalo, making it a piece of history.
Where should I buy rare coins?
Always purchase from reputable dealers, certified auction houses, or coins graded by organizations like PCGS or NGC.
Why is coin grading important?
Grading determines a coin’s condition and value, with higher grades making coins more valuable.